Mr. D.E. Kat intends to make a recommended cash offer for DOCDATA N.V.
(Thomson Reuters ONE) -
This is a joint press release by DOCDATA N.V. and Mr. D.E. Kat, herein acting on
his own behalf or on behalf of an acquisition vehicle to be specified ('Kat'),
pursuant to Section 5 Paragraph 1 and Section 7 Paragraph 4 of the Decree on
Public Takeover Bids ('Besluit openbare biedingen Wft', 'the Decree') in
connection with the intended public offer by Kat for all the issued and
outstanding ordinary shares in the capital of DOCDATA N.V., not yet held by Kat.
This announcement and any related documentation does not constitute an offer, or
any solicitation of any offer, to buy or subscribe for any securities in DOCDATA
N.V. Any public offer will be made only by means of an approved offer
memorandum.
Transaction highlights
* Kat and DOCDATA N.V. have reached conditional agreement on a recommended
public offer by Kat for all issued and outstanding shares of DOCDATA N.V.
against an offer price of EUR 0.85 per share (cum dividend) ('the Offer
Price') in cash ('the Intended Offer').
* The Offer Price will be adjusted to EUR 0.35 per share (ex dividend)
following the payment of the announced conditional distribution of EUR 0.50
per share on 19 May 2016, provided that the Annual General Meeting of
Shareholders of DOCDATA N.V., to be held on 11 May 2016, adopts the proposal
for such distribution.
* The Supervisory Board and the Management Board of DOCDATA N.V. fully support
the Intended Offer and shall unanimously recommend it. The Supervisory Board
and the Management Board are of the opinion that EUR 0.35 per share (ex
dividend) represents a fair price, given the current expectation that after
settlement of all obligations of DOCDATA N.V., an amount in the range of EUR
0.12 to EUR 0.16 per share (ex dividend) would remain as bank balance.
* Kat has acquired an interest of 26.7% in the share capital of DOCDATA N.V.
from Loca Holding B.V.
* The strategy of DOCDATA N.V. will be focused on the acquisition of
companies, once the Intended Offer has been declared unconditional.
------------------------------------------
The listed DOCDATA N.V. exists, after the completion in December 2015 of the
sales transactions of the two completely autonomous lines of business Docdata
and IAI, solely of the Company DOCDATA N.V. itself.
Waalwijk, The Netherlands, 15 April 2016
Further information: DOCDATA N.V., M.E.T. Verstraeten, CFO, Tel. +31
(0)416 631 100
Corporate website: www.docdatanv.com
Further information: Mr. D.E. Kat, residing in Bergen (North-Holland)
Press release 15 April 2016:
http://hugin.info/161129/R/2003567/739763.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DOCDATA N.V. via GlobeNewswire
[HUG#2003567]
Unternehmensinformation / Kurzprofil:
Datum: 15.04.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 464265
Anzahl Zeichen: 3578
contact information:
Town:
Waalwijk
Kategorie:
Business News
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